The following article was written by AMarkets, a St. Vicent & the Grenadines (FSA) regulated global forex broker established in 2007.

We will thoroughly analyze current stages of bitcoin development and make our assumptions what rally to expect from it this year.

Mid-May, bitcoin is in its phase of protracted correction, losing more than 50% of its maximum values of December 2017. The news background does not bode well and in the foreseeable future we do not see any bullish news to come up, except for the recent Consensus conference. But we are talking about cryptology, a very specific class, an asset that is prone to speculation and it often happens that the price of bitcoin triggers news, and not vice versa.

The vast majority of…